Liz Truss' Collapse: A Timeline of Chaos
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- เผยแพร่เมื่อ 19 ต.ค. 2022
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The last month has been utter chaos for Liz Truss, with her Premiership getting off to a disastrous start (and maybe end). So let's outline what's happening for those of you not paying 100% attention, and outline the timeline of how we got here
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Spoiler: Liz Truss was paid by Boris Johnson to make him look like a pretty competent Prime Minister.
I doubt that, although I wouldn't be surprised if Boris supporters voted for her for a similar outcome knowing Truss's policies came from 55 Tufton St. and not from 10 Downing St.
Yep, it's all a plan to enable his return...
(A big of a joke BUT actually it IS certain the Tufton St always intended to replace her with Johnson once he was rehabilitated and memories had dimmed) ... But it wasn't intended to be SO BAD!!
She's the best liberal democrat in a while...
But compared to Liz Boris does look like a pretty competent Prime Minister.
@@vincilo8835 yeah. Impressive in its own way.
>Steps in
>Single handedly annihilates her own party
>Single handedly cripples country's economy
>Refuses to elaborate
>leaves
>kills the queen
Not sure about the single handedly
libertarians in government!!! let’s go!!!
I support Liz Truss because she ruined the UK.
Elizabeth II’s last official act was to appoint Liz Truss as Prime Minister. Charles III’s first official act was to accept Liz Truss’s resignation. Truly, she left her mark on British history.
sheesh
she's bad omen
truly a politician of all time
To think the queen started from Churchill and ended with Truss, both are now in the history book, well, for very different reasons...
Her rule SURVIVED the LONGEST REIGNING monarch of the uK^^
I think we can all admire Truss for being a truly revolutionary politician; she actually managed to overthrow herself - and it record time!
My sister is an International student in the UK. The crash of the pound coincided with her tuition being due, it saved her $7,000 CAD
Unless you transfered more money for later I don't know what you're bragging about
Her fees were 70,000 CAD ?
@@auldfouter8661 Cambridge Law is expensive for international students
@@auldfouter8661 International students pay way more than home students, foreign students is where a lot of the money comes from for the university
i was an international student for 2 years, brexit vote tanked the pound in the summer in between. I was beyond happy being like, 20% richer overnight lol
If a new prime minister made it their sole aim to ruin their country and their party in as short a time as possible I doubt they could do so half as quickly as Truss. I'm genuinely impressed at her disaster speed run.
disaster speed run any percent xD like honestly I would have never thought that the pound would freefall like that lol
the thing is that it would be impossible for one person to inflict this magnitude of damage by themselves no matter how much they wanted to. The only reason she could achieve this remarkable feat is because she had a whole cadre of other tory politicians, newspapers and "economic" think tanks surrounding her and backing her up at every stage. Until the inevitable consequence of what they've been campaigning for came to pass of course
Any% WR right here
Our inflation is better than any other country in Europe ( so why is this Labour benefit scrounger lying)
@@minoarno7415 If you crouch when you fall, you fall faster. Speedrunning tip right there
Looked at the date this was posted: "19 hours ago".
Looking at the first news report I could find of Truss resigning: "18 hours ago".
The timing of this video is BRILLIANT! 😄
Rare day when US politics actually look remarkably stable
I believe she is the best prime minster we have ever had because she managed to bury the queen,the pound,the tory party,one chancellor and the UK government in less than 1 month.
She'd make a great French monarch :D
I agree with most of what you say, hard not to really, it's incontrovertible. But the comment about the late Queen is an unecessary, un-funny and counter-productive cheap shot. It tarnishes your piece and you.
@@petercook2787 nah queen saw what truss was doing so she said "Nah , I ain't having any of this"
@@petercook2787 We're defending colonizers? Whats new honestly
@@petercook2787 It's been almost two months, you can stop pretending to be sad now.
One need to remember, she spent like a good week or two not working cause the queen funeral. So it is less time than this. Truly epic speedrun skill
I still can't believe someone could lose about 10 seats per day....
If causing disasters were an art Liz is the Picasso of it
By the way as a Liberal MP she was anti monarchist
Can't wait to see her in next year's GDQ
It was part of her Speedrun strat. She didnt stay stil, she was building up Speed.
Liz Truss speedrunning PM.wad Nightmare any%
There's not much I want in life. A house, a car, and a decent job. It's getting annoyingly difficult to do this
bro i went to check the approval ratings and i found out she resigned 💀💀💀
Truss vs Sunak was like the difference between telling people what they want to hear versus what they need to hear.
People want to listen sweet poems rather than bitter lesson
People just wanted something that looks like them.
Sunak isn't even that great a candidate! The Tories have drained themselves of literally dozens of prospective cabinet ministers and PMs to the point where the remaining candidates they can put forward pretty much top out at him. At some point the Tories have to be willing to call a general election if only to find a way to "restock" and rebuild. Imagine Labour got to choose the next PM before that - who would the Tories even have in their shadow cabinet?
@@PhysicsGamer Tories are a colossal mess!!
this is unfair against the people, because this was literally a government reshuffle done inside the chambers
The queen always did love her little jokes, and croaking right after truss won was one of her best.
My girlfriend thinks truss killed the queen and trashed the economy on purpose. She's not sure who put her up to it.
🤣🤣😂
Plot twist: the queen just pretended to die to get away from truss
It would have looked suspicious if Truss had disappeared right after topping the Queen.
Guess that makes Truss the funeral prime minister
Sunak: Provides reasons and their effects
Truss: I reject that
I feel bad for those in 70 years who have to learn all of this in school.
The rate she's going through MPs I'm genuinely concerned by next August I'll be chancellor
🤣🤣
😅😅😅😅😅
local metalheads moshing like "See you in the cabinet"
😂
Go for it bro.
"I'm a fighter, not a quitter" then quits next day. She was really good at U turns.
Vehicle manufacturers have been closely watching these latest events to determine if Truss'spolicies can be used as a revolutionary technique to reduce traffic accidents; if sensors on the front of the car detect a collision about to happen, an audio clip of her talking is played and the car will immediately U-turn even if it breaks the laws of physics.
She’s not even original enough to come up with that quote. She stole it from Peter Mandelson, another lazy, uninspiring grifter
Maybe she fought and lost.
She was a fighter - She was just an Anthony Eden sort of fighter
She was fighting to increase her government pension and won by being prime minister briefly.
Wow, Truss really just beat the PM failure speedrun world record by like 60 days. Impressive.
Well done on partnering with Brilliant for this vid, it's probably the best thing that can be said about today's events
Rishi : It's not gonna work, it's a fairytale.
Truss : I'm in love with a fairytale, even though it hurts.
Don’t corrupt lovely Alexander Rybak 😭
Rybak for Prime Minister???
@@ILikedGooglePlus Yes he should start a party with Larry the Cat, they’d win
Truss: I don't know what I was doing... when suddenly we fell apart.
🤣🤣
Truss' approval rating matching Prince Andrews just says it all.
She had no support in the House so she promised ministerial jobs to members who would never have been let near any government responsibility in normal times. The resulting incompetence is actually quite impressive.
how do you go from "best prime minister" to "at least she's not Prince Andrew" in one month? That has to be on the "ruin your reputation any%" speedrunning leader board.
Truss should be negative -100 make Prince Andrew look good then lol.
Let this be a warning to the world what happens when you elect anything libertard. I don't think being popular with conservatives should be taken as anything with any positive qualities.
liz truss did to britain what prince andrew did to children
@@Ass_of_Amalek I didn't know children could have their own national economies.
Out of date immediately 🤣 welcome to the UK
I had my politics class today
Oh if only she resigned before my class…
This is such an excellent TH-cam channel! Thank you for everything you do!
She literally just quit?!?!
This video was spot on
Orda orda
I think it was a quit or get tossed type of situation
@@elvangulley3210 we miss the Honorable John Berwick.
Destroy your party's reputation any% speedrun world record:
She's going for the 100% speedrun 🤣
@@mrcaboosevg6089 and.... she did it
The Tories never had a reputation. They just had enough rich donors, in order to buy enough votes of british citizens (them, on the other side, not known for their extraordinary feeling of honour/price, but rather for their extra low price).
Hello from the US, I followed these events bit by bit from our side but I had trouble fitting it all together, I thank you for making it accessible
This video was very well timed.
Wanna know the worst part? Despite inflation being revealed to be 10.1% this week, the bank having to stop bailing out the government, the home sec getting fired, the chief whip resigning and hundreds of calls for Truss to go, the £ still hasn’t crashed abnormally this week.
This means that despite this week being one of the worst of this year and a week that’d, in most countries, be a governments make or break week, investors and traders haven’t reacted or run away. They weren’t fazed by this at all.
Just think about that for a second; the same people that start rewriting their wills every single time someone at the FED uses the loo, didn’t react to the literal real time collapse of a government. It’s insane, it’s unprecedented and it proves just how little they expect of the UK and the tories after the last few months
Lol well said.
Well, they will be there to pick up the pieces
I think the saviour of the pound is the fact that so many powerful entities (both polities and privates) hold a lot of pound and don't want it to crash too much. Maybe wrong of course as I'm not an economist but it seems to me that the dynamic that keeps the dollar afloat in any and every situation applies, writ small, to the pound too.
@@cyrneco The Pound used to be able to buy the same goods at the same rates (or better rates) as the constantly-inflating Euro.
@@JoshSweetvale Yes. But, if I'm correct, the Euro hasn't climbed much anymore. So what do you mean in this context?
What I hope (possibly a naïve hope) is people will remember this: Truss' budget is what a fully armed and operational modern Tory government looks like. It's what their donors and wealthy members (
You are absolutely right! I'm shocked by all the cons railing against truss when she is trying to apply the nutter randian recipes that they have been proposing for years! Do folk actually listen when right winger cons talk about 'small state', 'tax cuts' etc?
Forgetting doesn't happen in a void.
Lies make it happen.
Lies on print. Lie-bel if you will.
Mess with Putin and Xi at your own peril...
They didn't show you who they trully are, because they tried to keep up the alure by not cutting spending, which is why this shit show took place. A true libertarian would not struggle to cut the budget along with tax cuts. The problem she was continuing big government while cutting taxes, forcing them to borrow more money to fund the government, in an environment where the central bank is tightening the money supply. If they had been strong in their convictions they would have cut spending instead of raising taxes. They simply don't have the balls to reduce the state as they know it's unpopular among the people as too many are dependent on state funded wellfare.
Don't you think this is all pre planned? These people don't do anything without thoroughly thinking it through. Another big distraction so you don't look this way at what's really going on.
If all the bad stuff happened that quickly isn’t it likely there were some deeper structural problems that need to be addressed
Thank you, fantastic summary, really helpful
Liz Truss's time as Prime Minister, feels like a hoi4 mod focus tree in which someone is self sabotaging as Truss to try to get a really easy Labour playthru.
I'm glad that I wasn't the only one with that thought, but I'm terrified of the idea of multiple people thinking that way. Seriously though, this feels almost exactly like the funni administration in "That One Mod™," where the whole point is to make it possible for the opposition to ever win again.
Sometimes I'm depressed and don't really know how I should deal with these terrible times we live in. But then I can go to bed and smile because I know at least I'm not Liz Truss right now.
Yes and yes 😅
She is an evil doer and deserves worse than she has received.
Hate to break it to you, but after next week, she'll be put on the PMs retirement plan and be paid a great sum of money for life, she get crazy book deals as the most stressed and shortest PM in history and then she do a round in the speaker circuit. She's gonna make a killing selling her connections too, this while those who lived under her will suffer.
IDK, I'd gladly take her salary for doing absolutely nothing of value.
The money is worth the humiliation, the ego would cushion it anyway
Very clear and strong analysis. thank you from Holland.
Very helpfull explanation, thanks!
The Queen died shortly after shaking her hand too. Just saying.
She saw what was coming and noped out.
That was cruel
@@Infinitystar225 Queen: "I have lived through many horrors in my life WW2, worthless sons, the collapse of the Empire, ordering the hit on Diana and through it all, I have endured."
Aide: "Your majesty Liz Truss has been selected as Prime Minister."
Queen: "Alright, I am going to head out. GG guys."
Died of cringe
@@NeoMark627 dayum 😭😭😭😂
I'm still calling it suspicious that the Queen died less than 48 hours after meeting with Truss.
She probably gave up and begged God to take her quickly
She definitely knew...it was time for Charles to clean up this mess she thought
very brilliant analysis
I woke up to this video and then an hour later she resigned. What a strange time for the UK.
Its amazing how many of the conditions of the 1970s that lead to our joining the EU seem to be returning. From the cold war to rolling blackouts, not forgetting industrial relations, economic instability and changes of leadership.
uk is finished
Being part of the EU wouldn't help with any of the issues we have. Even if we were still part of the EU every single problem would be just as bad.
Rejoining rn would actually cause more problems as well
@@maalikserebryakov yeah no, it's *staggeringly* hard to collapse a nation, especially a developed economy with not a lot of social instability. Is the current government finished? Yeah they'll be tossed out of office sooner or later. Is the entire system of the United Kingdom done? Nope.
@@loowyatt6463 I don't follow. What negative consequences are there for rejoining the EU?
@@loowyatt6463 being part of the EU would definitely help the British economy which would definitely help most of these issue, get your facts straight
Isn’t it also true that some of Sunak’s supporters lent their support to Truss because she was seen as a better final opponent for him to face than Mordaunt. Anyway, Truss is a perfect example of the Dunning-Kruger effect, demonstrating perfectly how dangerous a combination of extreme incompetence and arrogance can be.
Does mordaunt current position does have significant power to the cabinet? I'm not brit and didn't know how much leader of the house truly are. It seems she was one of closest truss colleague.
@@218kq I think it’s impossible to say right now - all we do know is it’s utter chaos and has been for weeks, and any Tory MP with an ounce of integrity should be pushing for a general election as it’s 100% clear that’s what the public want and what would be best for the country.
I mean I think it was more a case of 4th place Suella Braverman pretty much backing Truss in the immediate aftermath of Braverman's elimination that led to Truss (barely mind you) finishing second in the MP's vote. Truss owed her premiership in part to Braverman's supporters.
Braverman is now gone, after resigning/being fired yesterday from the position of Home Secretary and dropping a grenade of a resignation letter on the way out.
I mean former Truss supporters being angry makes sense. Truss and Kwasi didn't even tell the fellow cabinet members of some of the more extreme parts of her mini-budget, namely the parts that led the markets going into free fall.
Truss thought herself above her cabinet, above her MP's, above her party, above the markets, above the OBR, above the majority financial establishment, above the majority of her party members and above the British people. Liz Truss is probably the most arrogant PM this country has ever seen, and it backfired in her face spectacularly pissing every off in the process.
@@calumbishop7082 it’s the most spectacular blow up I can remember in all the time I’ve been aware of politics (which goes back as far as Thatcher). Just stunning arrogance; I put myself in Starmer’s shoes yesterday - having to stand across from the weirdly smug look on her face, I would have been livid. Surely it’s all over by tomorrow? But I kind of hope she stubbornly clings on until a GE is the only answer!
Literally a terrible example of that effect completely irrelevant in fact
Watching this on 5th of March. You've summed it up well! What a crazy month and a bit that was!
Very well explained. Thank you
Damn uk really is being hit hard by the trusscession
That term is PERFECTION.
At least Liz managed to secure 115k annually for herself indefinitely
Lol
Guess she just did it for the pension.
@@JewTube001 that's not even the pension
Can you explain please? I'm not British
@@ledues3336 state pension for prime ministers is roughly 115k annually - many are calling for her to turn it down but no official word yet.
Wow. This was extraordinarily good.
Dollars or Pounds? At least twice in this video, the audio said one while the graphics read the other -- and one of those was of by a factor of ten, too! I appreciate the work you put into these presentations, and I get that this week has been crazy so you've been very busy, but I thought I should point it out.
5:28
7:24 (on second watch, the graphics caught this slip up)
It appears that your video made Truss finally resign. Thank you
LOL just learned this from scrolling the comments. You can't turn away from the Truss show for a moment.
If I had a nickel for every British prime minister resigned not too long after TLDR made a video as to why their unpopular I’d have two nickel which isn’t a lot but it’s weird it happened twice
I still don't get it why resigning is so popular for British prime ministers...hasn't it been like four tory PM's in a row now resigning in like 1 or 2 years? Or months in this case, lol...
If I had a dollar for every British Prime Minister that couldn't finish the job (until their term ended or got voted out) I would have 17 dollars... which isn't a lot of cash but that's a lot of Prime Ministers!!
Year of the four PM's let's gooooo
@@kingace6186 if that's not a lot of dollars but that is a lot of pounds in the UK economy today lol
@@gamermapper LMFAOOO. Savage.
> Become PM
> Queen dies
> Tanks economy
> Government ministers quit left and right
> Historically low ratings for party and self
> Resigns
> Refuses to elaborate
Excellent explanation
Truss should do the right thing and call a general election to put the tories out of misery
Correct me if I'm wrong, but isn't that a convention in the uk for called a ge if the majority have changed their leadership? To get the legitimacy in power.
It’s genuinely the best option for the tories too - the chaos is only going to get worse from here on out (whoever replaces Truss is also going to be hated by 2/3rds of the party, because their party is torn to shreds right now), and if they step aside they get to blame the coming financial and energy catastrophes on Labour, and it’s gets them out of the brexit corner they’ve painted themselves into too - they can just claim brexit would have been great, if only Labour hadn’t messed it up.
It'll help the Tories in the long run, Labour will cock up eventually same as every government has and the Tories ten years down the line will have sorted the party out and offer hope. The Tories simply can't win the next election no matter what happens so there's no point in delaying it, give Labour a chance or some coalition... I voted Tory and honestly if they keep going like this they're going to completely destroy the party
@@mrcaboosevg6089 it seems like UK politics is a constant cycle of each party making a complete disaster of the country, and the next party coming in 10 years later to mop up the mess (and get to work on their own disaster)
@@bassetts1899 how did brown make a complete disaster of the country? He seemed to have an OK response to a bad outside event
How stubborn do you have to be to honestly still support the tories/truss at this point?
How stupid do you have to be to trust in politics at all?
I know someone who is still determined to vote Tory at the next election, and I'm ashamed to say they're part of my extended family. She and her husband (who to be fair isn't very political) fits all the stereotype boxes - retired, financially comfortable, white, Daily Mail reading and bigoted. All she needed for her to be onboard with Torydom was the beating of the culture war drum and the promise of sinking all the little boats those "brown invaders" were coming in on.
Frankly I don't think she has the intellect to comprehend the financial and social damage the Tories have caused. All that just goes over her head and she doesn't care. I think she's what Americans would call a "low info voter". I'm genuinely frightened that there are millions more lower middle class boomers just like her who will all be back to being true blue the moment a GE gets called.
@@CountScarlioni I like to think they are, or becoming the minority.
But... But... CORBYN! 😢
@@Joe125g20 And? Look at the state of the nation. You haven't got a leg to stand on.
Today Prime Minister Truss is on the way out after just 45 days in office. She resigned, but will remain Prime Minister for the next 8 days until a successor can be chosen. That gives her a tenure of just 53 days. According to Wikipedia, it's the shortest overall term in British history.
Liz Truss just speed runned "being PM any% & being able to form a government". She has topped the leader board.... 🤣
Sunak : when i predicted the future u guys didn't believe me, now we can just watch how worst it can go
Liz : no word's
this is a design of Sunak and Boris, not Lizz, she excuted it.
That Sunak is seen as a moderate shows how far the tories have lurched to the right
Truss isn't very right wing though?
@@mrcaboosevg6089 it doesn't seem she is but maybe she's trying to placate those that are?
"I'm a fighter not a quitter"
Lol
Should have waited a few hours, could have reported that Truss Resigned today.
We have this problem in the United States as well, the billionaires don’t want to pay any taxes and they want handouts at the same time. Anytime the wealthy get control of the government it spells disaster for the poor and good news for only the rich.
as long as both parties are puppets for the billionaires, i dont think there will be major change for a while
Your mistake is in believing the ultra rich aren’t always in control of the government
@@rizashahril Most Democrats in US support giving taxes to the rich. Stop with this both Republicans and Democrats are the same crap.
@@melissalayson7275 you've been switching winning parties for a few times and i wont bother saying anything else but i do noticed oil is cheaper when trump is president. maybe the career politicians is the main problem for both sides.
@@rizashahril
"The main problem is the billionaires running the government!"
"Why are you saying putting a rich asshole in charge of the country is bad?"
How does the polling work in UK? How can someone be negative 10%?
Negative compared to the opposition
Net approval ratings are calculated by approval (9%) - disapproval (70%)
a net approval rating is calculated as positive - negative
so for example let's say if 10% approve and 70% disapprove
10% - 70% = -60%
Oh, thank you all
How people are so easily fooled by media
I don’t understand much about politics. So, big thanks to this channel for joining me in on the conversation and being the sole reason I’ve been able to keep up with this fiasco.
In Lettuce we Truss.
Lettuce touch deez nuts HA
Weirdly sexual, but okay.
@@cbs1710 lol what? What a huge case of projection.
If Truss is lettuce, does that make T. May the Tomato? Then who would be the bacon in this BLT?
@@JayMannStuff boris liz Teresa BLT
Four hours in and you already have to make an update as she resigned.
>gets elected as Prime Minister
> kills the Queen
>destroys the country
>claims her lifetime government support
>refuses to elaborate
>leaves
Shocking that another brexit champion finished the job of driving the UK economy into the ground...and had no idea how to fix it...
Props to the lettuce, it really did manage to outlast her :O
Rishi warned Liz about her fantasy plans would be disastrous
a man cannot win a debate against a woman.
only reality can.
I honestly hope the videos on the TLDR channels are archived for future generations to watch and understand what happened during this time.
There are lots of mixed opinions about stocks and there projection in the next coming years, I aim for short term solid gains from market correction and I'd definitely jump on the boat if I knew a thing or two about day-trading, but then again what do I really know? I'm just looking for the right moves to grow and hedge my stagnant reserve of $370k from inflation.
it's all hype! best to ignore the trend at the moment whether bullish or bearish, and stick to a proper trading plan preferably with expertise assistance.
@@Natalieneptune469 Yeah, more reason I enjoy my day to day market decisions is that I'm being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time, both employing profit-oriented strategy and laying off risk as a hedge against the inevitable downtrends, coupled with the exclusive information/analysis, it's quite impossible not to outperform. Netted over $1.5m in return on investment, since using a coach 2years and counting
@@tradekings5433 Talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
@@Alejandracamacho357 I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, ''Corinne Cecilia Heaney'' turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@@tradekings5433 Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
I was afraid that "the writers" of the "Berxit" reality show were getting out of fresh ideas and it was getting boring to watch UK politics, but I was wrong; With bringing Liz Truss onboard, they again deliver high quality entertainment every week.
PS: This only applies if you live outside the UK. For UK citizens and residents - I am sorry.
@Pierre In ... and now they are kicking her out :(
It's okay, self-depreciating humour is the only value in modern Britain that's on the rise. Tbh though I really don't see how a government could fuck up as thoroughly as the current conservative government has been doing; it's almost like they want Britain to crash as hard as possible so they can go to their European retirement homes and get hi-fives from all the EU bureaucrats who'll never have to worry about another independance movement. Ofc, that assumes they're smart enough to think that far ahead which I doubt; we're just seeing how shit our government is without the EU to carry their flaws and blame their problems on.
@@Neion8 To be honest, I think the government was shit when within the EU and is shit outside the EU. I don't think the EU has anything to say much here. It's pure homegrown incompetence.
Really, I missed the last few seasons. I got to binge watch to catch up.
@@todortodorov940 yes, but now they don't have anyone to blame anymore.
When Truss says "we haven't been tough enough on monetary supply", she means: "we haven't tipped the scales enough to the benefit of the ultra-rich". According to Truss, inflation can be mitigated by giving enough money to the billionaires and multinationals, to prevent them from raising prices".
The idea that if you increase the margins on the finances of the ones with the best margins, they will shrink it back by putting the extra money back into the economy, with no incentive other than "you have enough", is so stupid it begs the question whether this liberal is trying to fool herself, or her constituents...
Libertarian became such an inverted nonsensical ideology didn't it. So it means freedom economically for super rich, but less freedom for absolutely everything else what an oxymoron when they want to shut protest down and have the state interfere with everything.
Exactly this.
Tax cuts can work, as long as an incentive for spending exists.
No incentive just means less “income” for the government, resulting in less overall cash flow and thus destabilising the economy.
The rich in England saw what the rich in the US have been doing for decades and said “I want some of that!” and have been following the same playbook. Use the public’s ignorance and prejudice to get their people elected, then cut cut cut. Did they remember to gerrymander the districts to keep themselves in power?
I think the theory is that rich people will invest the extra money into businesses which will create more jobs. But they might alternatively buy a yacht manufactured overseas which doesn't help the UK economy at all. There are such better ways to stimulate the economy, such as funding a bank to support small business investment loans, or building infrastructure. Government should just do the things that need to happen instead of giving money to rich people in the hope that they will do the things that need to happen if you just wish hard enough.
@@adrianthoroughgood1191
That’s definitely the “theory”. Trickle down theory, but like social darwainism it’s twisted logic meant to support evil behavior. You don’t invest in a business because you have money - you invest because your business has more demand you need to meet. Without the demand, there’s no reason to invest. So the only way to spur development is to spend - buy product, buy services, give money to those who will buy: the poor and middle class. The money will make its way to the rich, but they will have to invest it to meet demand.
Excellent
Elect a clown, get a circus! And in this case they elected a DIFFERENT clown.
Ah, Liz Truss! Unpopular among those of the public who knew who she was, unpopular among MPs, but weirdly appealing to the sort of vibes-over-data self-destructive loon that forms the general bulk of Tory party membership. Great choice for Prime Minister, perfect representative of the party as a whole.
I'll be over here with popcorn. Watching a conservative party set itself on fire and then try to put itself out by repeatedly smashing its face against a brick wall is putting me in a wonderful mood.
“ your face is on fire.. heres a shovel to put it out”
Will Charlie3 have to do a Whitlam style replacement of the Pm or perhaps the whole govt?
Unfortunately they will continue to take down the rest of us with them.
@@howardsimpson489 I wonder if he has the power to call for an Election
wow. the uk is so turbulent rn a video explaining the situation has literally aged like milk within the first 3 hours. that's almost impressive.
The collective hate from all their former subjects has returned and shook the British like a fishing boat caught in a tsunami. I just hope that there would be a dissolution of the united kingdoms not a full destruction of the country
The segue to the ad at the end was smoother than butter.
She only got into politics in the first place because she slept with her political mentor and in return for doing so got given contacts in the conservative party, ultimately leading to her getting selected by foolish Cameron to become a conservative candidate. Despite all this, it seems it wasn't enough to change her boring and poor communication skills....
If anyone ever wondered how she got in the long run, when they feel they could do better than her..... there you are!
Liz Truss has a touch of death that even the Queen couldn’t resist 😢
She was anti monarchy when in Liberal Party, no wonder she finished off Her Majesty 😢
Truss stole her immortality potions, just like she was trying to steal all the not oligarch’s money
RISHI was so passionate/ angry in the debates about the what Liz was saying. He was infuriated. Remember he was then seen in a poor light because he was steamrolling her. Yeah i would too.
Then the criticism that he was to rislch to relate to use. Liz shop cheap. Well it's easier to "persuade " a less rich person.
Also who would i want running the my business/ country someone who can handle loads of money /made money and keep it or someone who is desperate in a scarcity mindset that can't handle 100,000 let alone 1 billion?
I mean Rishi Saunak, as brilliant a statesman as he is, is also brown. I honestly believe that the British believe the sky will fall down if they vote in a brown man.
Rishi will still do evil, but at least he knows how to do it so people will still vote Tory...
@@anupamrao7021 It's why Liz Truss won, the core conservative members couldn't vote for him... now we have seen they are not representative of other Tory MP's , other MP's or the typical voter ...
Rishi sunak is for all I know a money man,his life revolves around money..and he knows probably about money than anyone else(this is a guy who even married for money),so I was quite sure whatever he was saying regarding money was right..for rest he is not quite sure
Kripke to Sheldon: Retractor 😂
I think that any Conservative MP who decides that they want to be Prime Minister should be treated as a huge red flag.
It takes some talent to mess up so badly in just the first 30 working days (considering she actually started "work" on 20th Sept.)
Did she mess up or it was always plan?
@@Pedgo1986 A plan? You think she secretly conspired with Kwarteng to just butcher the Tories approval ratings?
Don't you have to cut out the weekends too though?
@@darthplagueis13 No conspiration just instruction from oligarchs that are moving their political paws behind the curtain. Damaging economy and weakening currency is always great opportunity to amass insane amount of money. She is on their payroll she don't care if UK go belly or be ousted from her PM position.
"It's a shambles and a disgrace" - Charles Walker Conservitive MP
FINALLY something a Tory says I can agree on.
Appreciate the clear explanation Sir. Didnt understood w t f had happened till your video.
She took the bloody L.
Sunak would say: I told you so
Why can’t Sunak replace Truss?
Thanks for the summary this helps a lot for non UK ppl like me
He is brown. They dont want someone brown lol
Racism
@@sassythesasquatch4425 Yes it is nothing to do with him backstabbing Johnson nor his wife's tax status
@@AM2K2 Backstabbing and tax dodging? Isn't that part of the requirement?
Because Sunak is a puppet of the WEF and is pro EU. He is also one of the "super rich" many of Trusses critics seem to hate.
The UK needs to go into settings mode, activate Full Factoy Reset and clear out all Tory and brexit spam that is corrupting its operating system.
Needs a good defrag as well. Hasn't had one in twelve years!
Lmao, King Charles really need to continue the charles legacy right now
Need to add far left appeasement to that too
@@jamesgravil9162 The system needs patching. They keep delaying the preferential voting update.
Agreed. Needs more socialism :)
untrussworthy
Thanks TLDR for the great summary!
I hope Truss' episode will at least be a learning experience for everyone, not to opt for what sounds to good to be true.
Well Rishi didn’t get much support from the racist nasty party membership..
I think perhaps his very wealthy wife being discovered as not having paid tax may have had something to do with it.
@@jeanmyers1787 yes certainly that wouldn’t have helped but now the latest useless Nasty party PM a has gone finally…it’s likely he will run and maybe even win we finally get UK first non-white PM ever..but not that even he has a chance of winning 🏅 in the next UK election 🗳️ in 2024/2025🤦🏻♂️ the nasty party after 12 years can’t fix the UK 🇬🇧 so please give someone else a chance for gods sake! 🤷🏻♂️
@@jeanmyers1787 well liz literally sent wealth to all the rich basterds so she is even worse
@@jeanmyers1787 What had his wife not paying tac got to do with him
@@jeanmyers1787 yea that’s what it was …sureeeeee
David Cameron: resigned
Theresa May: resigned
Boris Johnson: resigned
Liz Truss: resigned
*12 years of conservative rule in Britain, everyone!*
The next general elections are in 2024. Does that mean 2, 3 or 4 PM's later ?
I'll be astonished if Truss is still there by weekend.
2 finished off by Brexit. 2 finished off by rank stupidity. What a tally.
HELL no.
Massive TOLD YOU SO right there.
How someone so useless and incompetent could become a Prime Minister is very disturbing
I mean, you saw it coming from a mile off. The moment it looked like she was going to become prime minister, I just remember thinking that the country would be in a state by Christmas - to be fair, she's only gone and exceeded my expectations.
It's one of those things where I just can't understand for the life of me, why the larger tory membership ever went for her. There's daft and then there's astronomically daft.
Rishi always looked the better choice and him basically predicting our current situation only strengthens that point.
the thing is it wasnt clear that she will go ahead crashing the economy. i am no tory voter, but i thought its all lipservice and once the treasury tells her and her chancellor what they are doing, then she would slow down a bit or at least delay it to say ‘turbulent times, the legislation is ready, but we must do it when inflation is back on track’
i foolishly expected her to be like any other politician: promise the unicorn, deliver a can of spam.
but ‘credit’ to her: she is probably the first PM who does what exactly promised: crash the economy.
in way… well… well done! (on the other hand she should be prosecuted for gross misconduct on public finances)
I think what I've learnt from this, and what shocks me, is how fragile everything is. I genuinely wouldn't have thought it possible for the Pound to crash that much.
I suggest you look at Jeff Sniders videos on the Eurodollar system. It's a huge, shadowy, limitless interbank debt system. That's where the problems lie, and the UK is a big part of it, along with Switzerland.
everything's possible, there's no certitude, and there exists nothing that you can invest that will forever be a safe value, be it gold, housing or bitcoins. So try to live a worthwhile life, enjoy the ride and relax
@@artificialCartoons Might be quicker to look at what happens to bond yields when you announce massive tax cuts funded by borrowing.
Thanks for this summary. For me, as a Dutch person, it was very unclear what had happened. What a mess.
The pound was not just at a 37 year low against the dollar; it was at it's lowest since the inception of the dollar!